As any landlord knows, a good business insurance policy is vital to help protect you from expenses arising as a result of accidental damage to your property, claims against you by your tenants, and a host of other potentially catastrophic and unexpected costs.
But not all polices cost the same, so smart landlords always shop around when it is time to renew their landlords insurance, and this year there is a further option to try when comparing your annual landlords insurance polices: the Post Office.
The Post Office is now offering business insurance policies to buy to let landlords. Their insurance policies include Employer’s Liability insurance up to £10 million, liability insurance for property up to £2 million, loss of rent and alternative accommodation insurance, legal expenses cover, plus buildings insurance cover that includes accidental damage.
In order to attract new business, the Post Office is offering a like for like price guarantee for all buy to let landlords with policies up for renewal within the next two and a half months. However, there are a few restrictions on the price match guarantee, including the fact you must have three years worth of no claims and an annual premium above £238.50. But if, like me, you are always keen to try and secure a competitive insurance policy when renewal time comes around once again, it is definitely worth obtaining a quote from the Post Office, either by going online, or by calling in to your local PO branch (assuming it has not been closed along with so many other small PO branches).
